Emmanuel's Group

This group is made up of two entrepreneurs, one of whom is 40-year-old Emmanuel. He is married and has two children, aged 12 and 8 years old. For the last seven years Emmanuel has had a business selling engine oil in the market. His wife helps him to serve customers who come to buy.

Emmanuel is applying for a loan amount of GHS 3,000 in order to buy different brands and sizes of engine oil to sell to vehicle and machine users or owners.

Peter is 32 years old and has a business selling electrical appliances. Together they need a total amount of GHS 5,000 to be able increase their stock and serve customers better.

Additional Information

About ID Ghana

ID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Accra. ID Ghana’s socially-oriented business model provides clients with a number of social services, including financial literacy training, group discussions led by peer educators on health and nutrition education, child schooling, basic medical services, and counseling and legal services for women victims of violence.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.